Unregulated Israeli Payment Processor in Cyprus

Praxis a/k/a PraxisTech is the brand and platform through which Cyprus-registered Praxis Cashier System Ltd and Praxis Tech Ltd offer their payment services. The Israeli Amit Klatchko (LinkedIn profile) founded the company.

Praxis is a VISA-certified Merchant Servicer and Third-Party Servicer.

The payment processor is not regulated under any regulatory regime—the company bills itself as a payment management system and a smart cashier software giant. According to the company, the Praxis Cashier platform allows registered merchants to access over 450 different payment service providers (PSPs) with more than 1,000 payment methods.

Praxis is very popular in the high-risk payment industry. The company has grown up in the binary options and forex industry. However, we have not heard any complaints from merchants or their clients and thus include Praxis in our “Green Compliance” list.

Follow newsfeed: Praxis

Latest update: 17 Aug 2022


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